The Abbey 10% ISA

[Simpo Two]

What does the panel think:

http://www.abbey.com/csgs/Satellite?cid=1157696136...

What's the catch?

[marctwo]

Abbey Website said:

...when you put the same amount or more into a Guaranteed Growth Plan.

This is a fixed term plan with a minimum of 6 years (for the ISA one). This is guarenteed to give 18% return (I guess over the 6 years so 2.8% per year). If the FTSE100 does better, you'll get 50% of it's returns but if the FTSE does badly you'll be stuck with 2.8% (tax free) for 6 years.

Edited by marctwo on Thursday 6th March 12:05

[fade2grey]

I thought they had a 3.5 year option too?

[marctwo]

fade2grey said:

I thought they had a 3.5 year option too?

They do but it doesn't appear to be possible to get this one as an ISA.